On May 19, Prague will host the largest conference in the Eastern Europe, dedicated to cryptocurrencies and blockchain technologies – Blockchain & Bitcoin Conference Prague. One of its topics will be optimization of labor market with the help of blockchain.

The topic will be covered by Jonathan Chester (USA), the founder and president of the international service BitWage, and author of Fintech articles in Forbes.

When a significant part of work is carried out remotely, and startups refuse from renting an office, employer and employees need a single platform for interaction. The two main challenges occur: mutual credibility and wage transferring (especially in the context of international translation).

According to Jonathan Chester, international payments constitute a slow, complicated and costly process. Various fees and conversions on average take around 8% of the whole sum. At the same time, blockchain can cut costs greatly and simplify the job search process for jobseekers.

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